Agri-finance Loan

In order, to promote financial inclusion, food security, improve rural incomes and financial deepening, Digital Microcredit PLC rolled out agribusiness loans in 2022.
This product has been designed to address capital and financing needs of clients that would like to engage in agribusiness and farming business.
The purpose of this loan facility is to provide bridging finance and capital to purchase farm inputs such as fertilizer and seeds as well as any related farming overheads.
Clients who are engaged in grain and legume production and marketing are major target group for this product.
In September 2023, the institution received $100,000 financing from the World Bank FiNES Project to support SMEs involved in the agriculture value chain in order to promote food security and rural incomes. However, the Demand for agri-finance loans continues to escalate and grow every year hence the need for more resources for this loan product to address challenges of food insecurity, malnutrition and promote the agri-business value chain across the country.
Pricing
- Interest rate: 3%
- Loan admin fees: 3%